Top Features to Look for in Personal Care ERP Software

With increased global influence, and connectivity, personal care market is growing in every nook and corner of the world. Big countries and cities are ahead of this race. For example, the UK. According to statistics, Beauty & Personal Care market in the United Kingdom is expected to grow annually by 2.29% (CAGR 2024-2028). The largest segment in the market is Personal Care, with a market volume of US$6.65bn in 2024.   

At this point, it becomes more important for the UK manufacturers of personal care products to deploy latest technology which can act as catalyzer for their growth. One such solution is ERP software for cosmetics and personal care.  

Essential Features to look for in a Personal Care ERP Software-

Formula Management- Formula is heart of personal care industry. Changing consumer behavior, their likings and preferences compel manufacturers to make necessary changes in the formula. The personal care software must be flexible and robust enough to support multiple changes in the formula. Besides, it should be able to handle formula versions, and secure them for future reference.

Inventory Management- If formula is the heart; inventory is blood of the industry. Free and adequate flow of inventory across the supply chain can make an organization stronger and more competitive in the market.  

There are multiple activities related to inventory, like material movement, classification, costing, immediate updating of inventory costs and quantity after every action, cycle count, multiple UOM, expiration dates/shelf lives etc. The ERP software for cosmetics with capabilities to handle such activities is the one to bank upon.

New Product Development- Altering products or developing new products as per demands is a trade secret of the manufacturing game. The ERP should responsibly manage entire lifecycle of new product by conducting R&D to derive precise formula, create lab batches for sample production, perform profit and loss calculations, etc.  

Procurement Management- Purchasing is a herculean task in itself. The software which can automate processes of identifying potential suppliers, negotiating price, sending purchase orders to suppliers, and billing can be an ideal one in cosmetics manufacturing scenario.   

It must procure the right amount of raw materials from the selected vendor at right quantity and at the right time, based on MPS and MRP data.

Order Management- Opportunities as orders can turn into big turmoil, if organizations fail to handle them properly. A cosmetic ERP can help these organizations to manage orders efficiently. The order management features must facilitate quick order creation, instant picking, packing, shipment, invoice generation, making sales kit and handling returns effectively.

Costing- Identifying the cost of the product which is market viable and profitable for company is not an easy task. Cosmetic ERP software helps manufacturers to calculate the cost by considering various costs like overheads, materials costs, labor costs, taxes, etc., and suggests the best price that can strike necessary balance. It even separately calculates formula and packaging cost. 

The software should possess capabilities to analyze expected vs actual costs, capture actual cost of production, perform what if analysis, perform cost roll-ups.

Material Substitution- Constant pressure from consumers for eco-friendly and skin friendly products put pressure on manufacturers. ERP for personal care must facilitate material substitution in the formula. This feature can be vital in case of new ingredient innovation, that helps in making the quality of the product better, keeping costs under check or developing more budget friendly products.

Lot Traceability- Lot traceability in personal care ERP is crucial as it enables tracking of ingredients from suppliers to end products. This ensures quality control, compliance with regulatory standards, and swift recall management. By maintaining detailed records of each lot, companies can guarantee product safety and transparency, enhancing consumer trust and operational efficiency.

These are some of the main features to look for while selecting an ERP software. At this moment, it is worthwhile to mention BatchMaster ERP software for personal care, as it possesses all the above-mentioned features. It also tracks GRN, helps in VOC, REACH and other reporting, supports contract manufacturing and loan licensing.  

Apart from these features of BatchMaster ERP software for personal care and cosmetics, there are many more.   

If you wish to explore complete bouquet of features, visit BatchMaster ERP Software in UK or connect with us on sales@batchmaster.co.in.